Amendment 1 guarantees $6,444 property tax bill by 2026
Actual and projected annual increases in average Illinois property taxes and rates, 2019 to 2026
Uses compound annual growth rates in home prices as reported by the All-Transactions House Price Index for Illinois from 2010-2021 to project future average home values through 2026. Uses compounded annual growth rate in average property taxes as calculated by U.S. Census Bureau for 2010-2019 to project property taxes through 2025.
Source:U.S. Census Bureau, U.S. Federal Housing Finance Agency